Insurer
Aviva to become Norwich City community partner as sponsorship ends
Aviva has vowed to remain closely involved with Norwich City Football Club despite the insurer announcing that it will no longer serve as the club’s main sponsor.
Arc Legal doubles its Northern Irish LEI book with two new schemes
Arc Legal Assistance has strengthened its presence in Northern Ireland with two new legal expense insurance schemes, that combined have more than doubled its book of business in the province.
Lloyd's drones report highlights safety, security and surveillance concerns
Insurers are likely to demand greater risk mitigation measures from drone operators amid concerns around safety, security and surveillance, according to a Lloyd’s report.
Post magazine – 20/27 August
The latest issue of Post Magazine is now available for Post subscribers. Download the latest Post iOS or Android App Edition on the App Store or Google Play respectively or read the Post Digital Edition online.
Fosun and FWD eye Ageas' $1bn Hong Kong operation
Chinese conglomerate Fosun and life insurer FWD are attempting to buy Ageas' Hong Kong arm for around $1bn (£638m) according to reports.
Cobalt selected as ‘insurer of preference’ for Paramount Resort
Shariah-compliant managing general agent Cobalt Underwriting has been selected as the preferred insurer for the £3bn London Paramount Entertainment Resort in Kent, Post can reveal.
Admiral calls for fixed IPT levy to level playing field
Admiral has called for a fixed insurance premium tax levy, saying the way the tax is currently collected punishes those who can least afford it.
Editor's Comment: Time to shine
In a year’s time the Insurance Act 2015 will come into force and the UK insurance market, or at least practices within it, are set to look very different.
CII members upbeat on business prospects amid upturning economy
The majority of Chartered Insurance Institute members are anticipating an upswing in their financial performance over the coming year as optimism regarding the UK economy gathers momentum.
Blog: Ready for the Insurance Act? Get the checklist
With less than 12 months to go, insurers, insureds and brokers are already taking steps to implement the Insurance Act 2015. Are you ready? If not, we set out some practical tips for you to consider.
Higher reserve releases drive 6% increase in Admiral motor profits
Admiral CEO Henry Engelhardt has branded the opening six months of 2015 “a good start to a challenging year” after the insurer delivered a 1% increase in group pre-tax profit to £186.1m (H1 2014: £184.9m).
Post presents five Asia events in September
Post and Post Events are excited to be hosting five events across China, Hong Kong and Singapore in September.
Claims Awards Asia 2015: Shortlist announced
Post is pleased to announce the shortlist for the Claims Awards Asia 2015.
Win John Lewis vouchers with Post's natural hazard survey
Post, in partnership with the Met Office, is running a natural hazard risk survey to provide in-depth insights into how insurers manage these risks to improve underwriting performance and mitigate claims exposures.
Senior insurance managers' regime rules open to interpretation
The application of the senior insurance managers' regime has been deemed open to interpretation by market commentators, amid predictions brokers could be subject to a similar, more informal, regime in the future.
German insurers have largest foothold in €3.86bn travel and assistance market
The stand-alone travel insurance and assistance market across 20 European countries totalled €3.86bn (£2.45bn) in terms of gross written premiums in 2014 and is forecast to rise to €4.54bn by 2018.
Quindell inquiries expected to run for years as shareholders seek redress
Hundreds of shareholders of beleaguered outsourcer Quindell are gearing up to seek compensation following “misleading statements” by the firm’s former management, as market insiders reveal investigations into the company could run for several years.
Delegated Authorities: From me to you
A recent FCA report poured scorn on the industry over its handling of delegated authority. The regulator’s expectations require change from both brokers and insurers, but how is it going to work?
Insurance Act: Get ready for change
The Insurance Act – the most important piece of legislation to affect the insurance industry for a century – will be a catalyst for the sector to abandon out-of-date practices and reassess the way it does business.
UK PI sector to reach £1.5bn GWP in 2019, Timetric predicts
The UK professional indemnity insurance sector will be worth more than £1.5bn in 2019, advisory firm Timetric has forecast.
Poor customer service and jargon driving motorists to switch insurer
Problems with understanding motor policies have been highlighted by more than half of the customers that took part in a Consumer Intelligence poll designed to understand what drives behaviour around switching insurer.
QBE Europe eyes full year growth after delivering soaring H1 profits
A benign catastrophe period and continued favourable prior accident year reserve development have been credited for an 184% increase in insurance profit to $278m (£178m) at QBE European Operations at the halfway marker.
Trade Voice: Big data, big opportunities…
…and a fair few big challenges along the way as well.
FCA ends Quindell investigation in light of SFO probe
The Serious Fraud Office’s decision to launch an investigation into previous business and accounting practices at Quindell has led to the Financial Conduct Authority discontinuing its own inquiry.